Litecoin was created in 2011 by a Google employee Charlie Lee. Currently, this cryptocurrency is one of the largest by market capitalization. Litecoin was created as one of the first forks of the Bitcoin blockchain. Also, it is safe to say that Litecoin is one of the first altcoins. While Bitcoin is based on SHA-256 algorithm, Litecoin utilizes a lighter scrypt algorithm.
Bibox Token (BIX) is a utility token issued by Bibox platform and enables users of the platform to pay transaction fees with these tokens. Cryptocurrency pairs including BIX Token are listed on the number of exchanges.